What is an ERP?
ERP stands for Enterprise Resource Planning. Reference to a system or software used by an organisation to manage the routine business activities such as manufacturing, procurement, project management, accounting and any other data entry or administration. An ERP system is used to link together the organisational business processes and enable efficient data flow between them. ERP systems are important for managing businesses of all shapes and sizes and within a range of different industries.
What is an EAM?
An Enterprise Asset Management (EAM) is a software system for organising and keeping track of assets. Whether that be a fleet of vehicles to a manufacturing plant full of machinery. Implementing an EAM assists to improve the efficiency of your assets and while maximising your return on investment. An effective EAM system will allow you to manage all of your assets across different locations and will aim to optimise and extend their life cycle.
There are many benefits of implementing an Enterprise Asset Management system within your organisation. Some of the gains include:
- Reducing your costs and risks
- Reducing the total cost of ownership
- Making informed decisions about your assets
- Decreasing asset downtime and improving predictability
- Maximising return on assets
What’s the Difference Between an EAM and ERP?
ERP is designed for large organisations to manage business processes. An ERP can improve business efficiency by automating tasks. Commonly ERP solutions consist of several modules that work together. An EAM is defined as software solutions that are specifically designed to manage physical assets, such as machinery, vehicles, and buildings.
Why Mainpac EAM should be integrated with your existing ERP
The Mainpac EAM software solutions readily integrate with ERP systems allowing for greater visibility and automation. This will allow insight into an asset lifecycle which will assist in improving predictability and decrease breakdowns. When you integrate Mainpac EAM within your existing ERP platform, you can discover more data insight into how asset management impacts your financials. This will assist in scheduling, planning, and executing work, while the financial costs, depreciations, and capitalisations are handled within your existing ERP.
Streamline your processes via integration of the Mainpac EAM. The ability to automate important tasks that will extend the life cycle of your assets will be invaluable. The benefits of minimising any paper-based administration will improve overall efficiency of tasks. Automate the scheduling of predictive asset maintenance in order to keep your equipment working to maximum productivity, while keeping track of your parts and inventory.
Decrease downtime, while Increasing up-time. Without an implemented EAM system, it’s simple to lose track of assets – where they are at in their lifecycle, when their next service is needed and the list goes on. If you’re looking after the assets of multiple facilities in various locations this can especially prove difficult without the assistance of an EAM. The right solution will give you insight into your asset inventory so that you can manage service calls and repairs, and keep your equipment in working order at all times. Unexpected breakdowns are costly and unnecessary, because an efficiently integrated EAM solution can help you avoid them.
Summary
Both ERP and EAM systems can bring value to your organisation. While EAM software specialises in managing physical assets, ERP software is optimum for managing financials. Mainpac can combine these systems with seamless integration – talk to one of our specialists to see how we can assist your organisation or discover more about our EAM solutions.
